A business has opening stocks of 3,200 units and closing stocks of 4,000 units. Profits for the period under absorption costing are £48,700 and under marginal costing £45,660. What is the fixed overhead absorption rate per unit (to the nearest penny)? A £0.76 B £3.80 C £11.41 D £12.17
A business has opening stocks of 3,200 units and closing stocks of 4,000 units. Profits for the period under absorption costing are £48,700 and under marginal costing £45,660. What is the fixed overhead absorption rate per unit (to the nearest penny)? A £0.76 B £3.80 C £11.41 D £12.17